Chennai: Music licensing company PPL has said its revenue has registered a 30 per cent increase in the first half of this fiscal due to expanded membership base resulting in increased number of songs for licensing, rationalisation of licence fees, and effective copyright protection measures.
The Phonographic Performance Ltd (PPL) owns as assignee the right to licence public performance and radio broadcasting. A top official of the company said that PPL is signing reciprocal agreements with similar organisations in several countries.
“During the first half of the current fiscal, the company has logged a growth of 30 per cent as per our projections. The revenues from radio broadcasting have gone up by 8-9 per cent and over 30 per cent from public performance/playing of music. We are confident of achieving the target of 30 per cent growth in licence revenues,” Rajat Kakar, President and CEO, PPL told IANS. (IANS)
Also Read: Business News